New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-19
RAILROAD INTERESTS.
SECOND BALTIIORE AND OHIO OPTION
100000 SAID TO HAVE BEEN PAID AND AN Ex-


TENTToN SECURED TILL MONDAY.
There was conspicuous lack Of official" statements
ABOUT the control OF the Baltimore and Ohio Railroad in
Wall Street yesterday There rumors, and,
In fact the Street beginning TO be weared in s efforts
TO discover the OF the possible OF the
road The course OF prices at the Stock Exchange is
garded generally rs sufficient proof that no radical
change In the present control OF the company Is mmi-
nent 1t is admitted that Henry s. Ives ard George H.
stayner OF the firm OF H. g. Ives Co.. have option
acontrollns interest In the company but the positive
denias by prominent railroad that they have any
share IN the scheme lessons the Importance OF the
announcement The option obtained by Alfred
Suly was given in part account OF his position
president OF the Richmond and West Point Terminal
company and In the expectation that the success OF the
union OF southern railroads in one vast system he
had been Intimately associated for many years with
ing Railroad, there was natural hope that Mr. Suly
would be able to not only harmony between the
ing and the NewJersey Central companies as would give
the baltimore ana Ohio an indeDendent line to Newiork
not bring about these results The advertisement given
Efforts 10 the matter has apparently t e1s0urascd
possible under which the Pennsylvania Railroad,
tho Western Union Telegraph Company and the Wander
t PIT mgt on In purchase OF the control o.
one should take an interest In such scheme.
The multiplicity OF possible buyers probably was the
basis OF the second option Its terms are understood TO
be not widely different from those Of the original one,
absolutely by Mr. Garrett certain conditions. The
lvessayner combination said to have paid 100000
and TO have secured an extension OF time until Monday
on the balance Of tho frat million dollars One-haf VI
the SUN. II Is said, should have been paid yesterday.
lhe efforts to secure the money were not known TO ne
successful yesterday Overtures have been made TO GER
tain prominent railroad interests but they have been de
Messrs and stayner in the purchase OF the Cincn
natl Hamilton and Dayton. Is absent from the city and
so Tar as could be learned he had not consented 10 take
part IN me new enterprise, although his cooperation has
v
claim to have purchased the control OF Baltimore ana
Ohio ! think they have made deposit on account.
When the Terminal Company decided not to exercise
their option | told the Baltimore and Ohio people that
while We unanimously desired 10 combine our Terminal
property with the Baltimore and Ohio yet we could not
ask them to consGer themselves in any way bound TO
leave the matter Open think time Will yet bring me
Baltimore and Ohio Into the Terminal system The Ter
mual COMPANY owns loo miles OF road ana an aahce
OF this road with the Baltimore and ONO would he OF
immense value TO that property az well as TO the city OF
Baltimore"
BALTIMORE. March Is.-The announcement that the
deal for the Baltimore and Ohio Railroad Is probably
cuded has created little interest in Baltimore For sew
era days the people were in state ~ excitement after
the MATER first spoken OF. but they have settled
down to await events Many believe that transfer Of
the the road will detrimental to the business
interests OF Baltimore whilo intelligent business men
express the belief that this city instead OF suffering VIII
he benefited There Is apprehension that the work
wish Is that the road may hnd an entrance to Ne"-lOrK
PHILADELPHIA. March 1S.-Robert Garrett and Mrs
Garrett stopped here today on their way ftom Princeton
Baltimore for the purpose or mang social calls THIS
afternoon Mr. Garrett spent few moments at the Dire
banking house This evening NJ and Mrs Garrett dned
with George W. Childs
The R,oOrd tomorrow will say: President Robert
Garrett OF the baltimore and Ohio Railroad Company,
arrived iu this city yesterday afternoon ,fIom
Trenton. lie was accompanied by T. RoAen Nor e..
representative Of the Atchison, Topeka AMI santa
Re Railroad and who also represents In Boston import
ant London and AcWYork banking houses. President
Garrett and MT. Morse coseted Tor long time in
Trenton Thursday night and from reliable Baltimore
and Ohio the story that the proposed sa
that road to the AtchsOn Topeka and santa Re Rail
road which is known To be- anxious TO obtain IT, was dis
cussed and an understanding arrived at"
Cn,uANooGA, Tenn. March lS.-The Times says IL has
positive Information that the Baltimore and ohio Express
Company has acquired the express franchise on the Last
Tennessee. virginia and Georgia Railroad and all It's
connections from the Southern Express Company. IL
will take charge OF tie entire system within thirty da
Inc T,s ,ay- that this strongly sign that The Balt
more and ONO has been absorbed by the West Point
Term nal the latter recently acquired the Last len
L. Il. IL. NIL. eIrri ~